Massive innovation will be generated by the metaverse (which is not Facebook) | Technology
|Massive innovation will be generated by the metaverse (which is not Facebook) | Technology|
Massive innovation will be driven by the metaverse (which isn't Facebook)
Here's the thing: Metaverse is not what Mark Zuckerberg said. It is not an alternate place or reality where we will all be moving. This is not a game. It's not a land grab (although it does happen). This isn't just a huge opportunity for the brand (although there are plenty of opportunities for brand growth).
In fact, Metaverse is a decentralized system that has many similarities with peer-to-peer services such as Napster, Skype, and BitTorrent. Oh, not Facebook and Meta.
Decentralized peer-to-peer networks are where all technologists come together and create the architecture that drives innovation. The same is true for the Metaverse.
I'll give you two examples that are important for understanding the Metaverse (full disclosure, I enjoyed working with both companies early in my career).
Founded in 2003, Skype is part of a family of technologies (including BitTorrent, Kaza, and Napster) that connect personal computers in an automated and reliable way. These networks are optimized for bandwidth and reduce the barrier to accessing popular content. Why can Skype differentiate itself from the competition and be a major player in the market? Peer to peer technology. It creates a network of nodes that support an ever-viable online community and business. This means that it is not restricted by any telecom operator.
Of course, when Skype moved to the Azure platform, the underlying technology changed. But when it first came out, Skype was revolutionary, kickstarting an amazing explosion of innovation that continues to improve our lives.
Or take Spotify as an example. Like Skype, it uses peer-to-peer technology to store and distribute content. The decentralization of the service allows it to reach millions of users and have a great voice, and the service is eventually becoming ubiquitous. The fingerprints and disruptions in decentralized peer-to-peer innovation that are changing the world are online.
Which brings us back to metaverse
The real promise of Metaverse is faster, better, and cheaper data-rich experiences and services, whether it's money, virtual networks, business meetings, healthcare, or anything else we can imagine. All of these uses will be in the Metaverse, and they will all be decentralized. In fact, decentralization is not just a feature of open gauges, but a key principle that will avoid barriers and enable interoperability across walled gardens.
Over the past 20 years, we've seen peer-to-peer or decentralized technologies begin with the fringe technology geeks create for geeks, whether it's peer-to-peer file sharing, music, or cryptocurrency mining. But these technologies need to be seen in the context of time and how they improve the user experience, whether they allow free calls and videos or instant music services like Spotify.
The next generation of peer-to-peer services will enable users to participate more in a decentralized world where they can collaborate and trust each other directly for things like money transfer and social media without relying on centralization. The operator or service that we, Meta, and Facebook are following.
Napster is a decentralized network with a central index. This is what Facebook is trying to create. Napster was at the center of the network and it failed. And BitTorrent is a truly decentralized network, an autonomous and autonomous technology that powers a thriving and sustainable ecosystem.
History shows that the open web has won
The architecture of the Metaverse would be bittersweet - or better, akin to a blockchain. Blockchain is truly decentralized and distributed. We don't even know who made the book. There is no central indicator. Blockchain has already begun an explosion of innovation that will only grow in the next few years.
You may want to turn a blind eye to blockchain, cryptocurrency, or NFT, but don't think of them as fully regulated products. It's the operating system's prototype for how to proceed.
If you think decentralized peer-to-peer connectivity is still an extension, consider who has invested in the underlying technology and who is investing in the same place today: Tim Draper. A big proponent of peer-to-peer technology for companies like Skype, he also believes that blockchain and bitcoin solutions are better, faster and cheaper than fiat currencies. Same person, different years, normal development.
If we don't have peer to peer, we don't have free video calls. Without peer to peer, we wouldn't have instant music anywhere in the world. Without peer-to-peer, we would have no cryptocurrency. Without it, the Internet would not have existed! The root of all these technologies that we now accept is decentralization.
The Metaverse is the next step on that journey.
Source: Faisal Galaria, Blippar, Venture Bit, Direct News 99
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